Payment Trigger definition

Payment Trigger means any of the following that occurs during the term of this Agreement:

Payment Trigger means the occurrence of a Change in Control during the term of this Agreement coincident with or followed at any time before the end of the 12th month immediately following the month in which the Change in Control occurred, by the termination of the Executive’s employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation as a result of the Disability of the Executive or with Cause, or (C) as a result of the death of the Executive.

Payment Trigger means the occurrence of a Change in Control during the term of this Agreement coincident with or followed (i) at any time before the end of the 12th month immediately following the month in which the Change in Control occurred, by the termination of the Executive's employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation as a result of the Disability of the Executive or with Cause or, (C) as a result of the death of the Executive or (ii) in the event the Executive remains continuously employed by the Corporation or a Subsidiary until the end of the 12th month immediately following the month in which the Change in Control occurred, the termination of the Executive's employment with the Corporation or a Subsidiary, at any time during the three month period immediately following the expiration of such 12-month period, for any reason other than (A) by the Corporation as a result of the Disability of the Executive or (B) as a result of the death of the Executive.

Examples of Payment Trigger in a sentence

• After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.

• After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Institution, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared- Loss Amount reported on the Monthly Certificate.

• After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Institution, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.

• If you return to Full-Time Student status after you have reached the maximum number of weeks, interest will accrue, but you will not be required to start making payments on your Outstanding Loan Balance until the Payment Trigger Date, and you may not be eligible for certain Financial Assistance.

• If you return to Full-Time Student status after the Payment Trigger Date, and you apply for Financial Assistance, funding may be disbursed to you under this MSFAA or you may be required to enter into a new MSFAA.

More Definitions of Payment Trigger

Payment Trigger means the termination of Executive’s employment with the Corporation or an Affiliate in a manner that constitutes a “separation from service”, as defined in Section 409A, (i) for any reason other than (a) by Executive without Good Reason, (b) by the Corporation as a result of the Disability of Executive or with Cause or, (c) as a result of the death of Executive; and (ii) coincident with or within one year following a Change in Control.

Payment Trigger has the meaning set forth in Section 9.1.3(a).

Payment Trigger means the termination of Executive’s employment with the Corporation or an Affiliate in a manner that constitutes a “separation from service”, as defined in Section 409A, (i) for any reason other than (a) by Executive without Good Reason, (b) by the Corporation as a result of the Disability of Executive or with Cause or,

Payment Trigger means the occurrence of both of (i) a Change in Control during the term of this Agreement and (ii) at any time on or after such Change in Control, but before the end of the Protected Period, the termination of the Executive's employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation (or a Subsidiary) as a result of the Disability of the Executive or with Cause or (C) as a result of the death of the Executive; provided, however, that if the Executive's employment is terminated prior to a Change in Control at the request of a Person engaged in a transaction or series of transactions that would result in a Change in Control, such termination shall be deemed to occur during the Protected Period. Any transfer of the Executive's employment from the Corporation to a Subsidiary, from a Subsidiary to the Corporation, or from one Subsidiary to another Subsidiary shall not by itself constitute a termination of the Executive's employment for purposes of this Agreement.

Payment Trigger means, for purposes of this Section 3.1.2, that either (i) BSP exercises the BSP Option for the [***] pursuant to this Section 3.1.2(b) later than [***] a Biologic Collaboration Compound within the [***] in accordance with [***], or (ii) BSP exercises the BSP Option for the [***] pursuant to this Section 3.1.2(b) within [***] a Biologic Collaboration Compound within [***] in accordance with Section 2.4, but BSP [***]. Notwithstanding the foregoing, a Payment Trigger shall not occur if [***], provided that for clarity, in such event, the terms and conditions of Section 3.1.4 shall continue apply. However, for clarity, regardless of whether a Payment Trigger occurs, [***].

Payment Trigger means the occurrence of a Change in Control after the Spin-Off and during the Term of this Agreement coincident with or followed at any time before the end of the second anniversary of the Change in Control by the termination of the Executive’s employment with CS&L, including for purposes of this Section 7.5 any successor to CS&L’s business or assets by operation of law or otherwise, in a manner that constitutes a “separation from service,” as defined in Section 409A of the Internal Revenue Code of 1986, as amended from time to time, for any reason other than (i) by the Executive without Good Reason, (ii) by CS&L, including for purposes of this Section 7.5 any successor to CS&L’s business or assets by operation of law or otherwise, as a result of Executive’s Disability or with Cause or, (iii) as a result of Executive’s death.

Payment Trigger means either (A) at the time of the Company Stockholders Meeting, in the case of clause (i) above, or at the time of the Terminating Breach, in the case of clause (iv) above, there shall be outstanding or purport to be outstanding an Acquisition Proposal which has been made directly to stockholders of the Company or has otherwise become publicly known or known to holders of 10% or more of the Company Common Stock or there shall be outstanding an announcement by any credible third party of an intention to make an Acquisition Proposal which, in either case, would if consummated constitute an Alternative Transaction, or (B) an Alternative Transaction shall be publicly announced by the Company or any Third Party and such transaction shall be consummated within twelve months following the date of termination of this Agreement on substantially the terms so announced.